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Trendanalyse

BNB/USDT 1DIntervalBNB/USDT on a one-day time frame. We will start by identifying a downtrend line from which we can see how the price has gone up and is currently struggling to stay above this level. Moreover, at this point we can see the formation of the Cap and Handle formation, which is characterized by a first large and a second smaller low, after which an upward price break can be observed. Moreover, the recent declines were caused by the bombardment of the media with negative information about the Binanc exchange, which lowered the valuation of the BNB token. Going further, when we unfold the fib retracement grid, we will see that the price has been rejected by a very strong resistance zone from $319 to $351, but if we return to it and the price goes up, the path towards the next significant resistance around $443 will open. Looking the other way, we will define the places of support in a similar way. And here we can see the first support at the level of $286, then we can determine the second support at the level of $253.7, which could potentially fill the formation. However, if the formation is broken, we still have a very strong support zone from $231 to $202. Please look at the RSI indicator, which shows a rebound towards the upward trend line, while the STOCH indicator shows a strong downward movement, which resulted in a small price movement on the chart, but there is still room to deepen the correction.
by cryptodailyuk
BTC/USDT 1DInterval Chart Hello everyone, I invite you to review the BTC to USDT chart, taking into account the one-day time frame. And here we will start by defining the upward trend channel with the blue lines, in which the price has rebounded from the upper limit and we are now observing a local rebound. Let's now move on to laying out the Fib Retracement grid from the price high of the last bull market to the bottom. And here we see that the price has touched our golden fib point of 0.618, at which we could observe a market recovery in previous cycles, however, here it is worth spreading the fib grid again, thanks to which we can see that these levels coincide and we can still determine a zone of strong resistance from $57,714 to $69,240, only when the price goes above this zone can we see potentially further increases, where a barrier in around $100,000. In order to determine supports, if the correction turns out to be larger, we will again spread the fib retracement grid, this time from the bottom to the current peak, and here we can see support at the level of $36,555, and another very strong one around $28,353. However, here, after redistributing the grid taking into account the recent upward movement, we can expand the support areas to support zones and the first zone is from $36,500 to $33,890, while the second one is from $29,780 to $28,250. Finally, please look at the RSI indicator, which shows a rebound in which we are fighting to break the local upward trend, while the STOCH indicator shows a rebound with room for deepening the current correction.
by cryptodailyuk
BTC DominanaceHello everyone, I invite you to every Friday's review of the leading cryptocurrencies, let's start by checking the situation regarding BTC's dominance over the rest of the market. We will start by defining, using the yellow line, a local upward trend that was dynamically interrupted by a sudden capital flow. Moving forward, we will unfold the Fib Retracement mesh to check potential support locations. And here we can see that even the level of 0.618 golden FIB point was quickly broken, and currently the closest support is at 51%. However, if this support is broken, we may observe further capital flow and, consequently, a return to the area of the next important support at the level of 48.47%. When we unfold the fib retracement in the second direction, we can mark the main resistance zone from 54.45% to 55.37%, which effectively stops the inflow of capital into BTC. We can also switch to a one-day time frame, and after zooming out the chart, we can determine the main downward trend line using the white line.
CRYPTOCAP:BTC.D
by cryptodailyuk
BTC Spot ETF, mixes the marketBTC is experiencing large price fluctuations related to the BTC spot etf, which has been accepted this time. However, it can be seen that the price has returned to the local downtrend line. After unfolding the trend based fib extension grid, we can see the resistance zone from $45,297 to $44,288, and further we can see a decline to around $41,375. Looking the other way, you can see resistance at $46,906, and then a resistance zone was formed from $48,301 to $49,022, which keeps the price from increasing further. The RSI indicator shows a strong recovery, but there is still room for a larger decline, while the STOCH indicator approached the lower limit, which resulted in the correction slowing down.
by cryptodailyuk
SOL/USDT 4H Chart ReviewI invite you to review the SOL chart in the USDT pair. We will start by defining the yellow line as an upward trend line from which the price has broken out at the bottom, creating an ongoing downward trend channel in which we are approaching the upper border. Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $89.78, but further we can define a very strong support zone from $80 to $67. Looking the other way, once again after unfolding the fib retracement saitka, we see that the price has reached the resistance level at $100.73, only when it overcomes it and exits the upper channel, will it move towards the resistance zone from $118 to $126, which is held price before moving towards $151. Please look at the RSI indicator, which has returned to the middle of the range, making it difficult to indicate the direction, while the STOCH indicator shows a downward movement with room for the price to recover more.
by cryptodailyuk
ETH/USDT 4HInterval ChartI invite you to review the ETH pair to USDT chart by looking at the analysis performed in the last video. And here we can see that the price has broken through the designated resistances, and is currently struggling to stay above the resistance zone from $2,353 to $2,430, only when it positively tests it will it be able to make another upward move. Now we will move on to unfolding the Fib Retracement grid, thanks to which we will move the previously determined support areas, and here we can see a clear support at the level of $2,278, and then a support zone from $2,228 to $2,166. However, if the price maintains the previous resistance zone, we will be able to see an attempt to increase towards the next very strong resistance level at $2,541. Moreover, in the current movement we can see how a local upward trend channel is forming, which we can define with the help of blue lines. Now we will again pay attention to the RSI indicator, which shows a visible recovery, but there is still room to the upper limit, which may result in an increase in price, in this case, however, the STOCH indicator shows a movement above the upper limit, which could affect the current recovery, but it is clear that there is a lot room for further recovery of the indicator.
by cryptodailyuk
1
BTC Long-Term analysis 4HHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the local upward trend channel in which the BTC price is struggling to stay in the channel. At this point, however, it is worth emphasizing that yesterday's dynamic price movements were caused by false information about the SEC's approval of the Spot ETF for BTC. The announcement was made on the X platform through a hacker hacking the SEC's official account. Next, it is worth turning on the EMA Cross 10 and 30 indicator, which shows that the upward trend is still maintained, but it is worth keeping the red line in mind, because when it crosses the green line from above, it will confirm a potential return to the downward trend. Now we can move on to marking the support areas, and for this purpose we will spread the trend based fib extension saitke, thanks to which we can see that the current decline has been maintained by the support at the level of $44,701, and then it is worth defining the support zone from $43,814 to $42,665, but if the zone is once broken, we can see a decline to the support level of $39,422. Looking the other way, using a grid in a similar way, we can determine places of potential resistance that can effectively reject the price. And here we can see the first resistance that rejected the increases at $47,137, then we have visible resistance around $49,000, and then we can mark the zone from $50,119 to $51,702, which is before an attempt at further increases to the new ATH. Please pay attention to the RSI indicator because you can see that it behaves similarly to the STOCH indicator - both of them show a recovery with room for a potentially larger recovery that could occur in the event of a possible decision regarding spot etf btc.
by cryptodailyuk
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Unleash the power of Ethereum in 2024COINBASE:ETHUSD Ethereum stands tall as a beacon of innovation, and its future in 2024 looks brighter than ever! With a strong foundation built on the groundbreaking achievements of 2022 and the ever-growing support of the crypto community, Ethereum is poised to make a remarkable comeback in the coming year. One of the key drivers of Ethereum's bullish thesis for 2024 is the upcoming network upgrade, EIP-4844, which promises to bring significant improvements in transaction speeds and costs. This upgrade is expected to take place during the first half of 2024, and it could be the catalyst that propels Ethereum to new heights. Moreover, the recent shift in market sentiment towards Ethereum, as evidenced by the growing number of institutional investors and the potential for a spot Ethereum ETF, further strengthens its bullish case. As more investors recognize the unique utility of the Ethereum blockchain for dApp developers, NFTs, and DeFi applications, the demand for ETH is likely to surge. In addition, the deflationary nature of Ethereum, which was first observed in 2023, is expected to continue in 2024. This deflationary pressure, coupled with the growing adoption of DeFi and NFTs on the Ethereum network, will likely result in increased utility and demand for ETH. Furthermore, the technical analysis of Ethereum's price action in 2024 reveals a bullish pattern, with the formation of an ascending triangle and a triple top. These patterns suggest that a breakout to the upside is imminent, and the price of ETH could reach new all-time highs in the coming year. #ETH #BTC
COINBASE:ETHUSDLong
by EgideSimba
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level. This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point. The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities. The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future.
NYSE:SHOPLong
by EgideSimba
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ETH/USDT 4H Interval ChartETH paired to USDT on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line and is currently staying above the uptrend line. Let's start by determining the support line and as you can see, the first support is $2,250, the second support is at $2,182, and then there is a strong support zone from $2,133 to $2,072. Looking the other way, we can see resistance again at $2,292, and then we have a strong resistance zone from $2,353 to $2,430. When we look at the RSI indicator, we see a rebound with room for a larger decline, and a similar situation can be seen on the STOCH indicator.
by cryptodailyuk
MATIC/USDT 4HIntervalI invite you to review the chart of MATIC in pair with USDT. First, we will use the blue lines to mark the upward trend channel in which the price is fighting at the lower border. Let's move on to determining the support, and for this purpose we will unfold the trend based fib extension grid, thanks to which we can see a strong support at the level of $0.76, however, if the support is broken and the price leaves the current channel lower, it may result in a price drop close to the height of the channel, which could bring the price to a very strong support zone from $0.61 to $0.53. Looking the other way, we see that the level of $0.86 has effectively reduced the price, only when we go higher, the next resistance is at the level of $0.95, and then we have a visible strong resistance zone from $1.01 to $1.08. At this point, it is worth defining the local downtrend line, which confirms the $0.95 level, as an important resistance. It is worth looking at the RSI indicator, which shows a movement in the lower part of the range, which gives room for possible increases, and what is more, the situation looks similar on the STOCH indicator, but it is worth remembering that we are still in a downward trend and a lot depends on the behavior of the BTC price.
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by cryptodailyuk
Bitcoin Bull Flag forming, BTC to 40k?Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200 Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap). If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below) This price action is quite fascinating and the trend seems strong (haven't broken down yet). Much people are hoping for a Break and Retest on the 32k breakout level, so they can buy their positions. Could be that we won't even get there. Not financial advice. My analysis on Crypto Total Marketcap , the most important level I'm following on crypto -PalenTrade
BITSTAMP:BTCUSDLong
by PalenTrade
4
ETH/USDT 1HInterval ChartHello everyone, I invite you to check the situation of ETH in pair with USDT, also on a one-hour interval. First, we can use the dark blue lines to mark the upward trend channel, from which we can see how the price came out from the bottom and created a local downward trend channel here. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, the first support is at the price of $2174, then there is a support zone from $2143 to $2101, which keeps the price from falling to the support level of $1981. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here we have the first very strong resistance at the price of $2,314, which is at the so-called golden point of 0.618 Fib, and then there is a very strong resistance zone from $2,371 to $2,446. When we turn on EMA Cross 50 and 200, we can see that they indicate the continuation of the local downtrend. Looking at the RSI indicator, there is still room for a price increase, but the potential is limited by the STOCH indicator, which clearly shows overheating, which resulted in a slight recovery and there is still room for the price to go lower.
by cryptodailyuk
1
BTC/USDT 4HInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is fighting against the local downtrend line. However, when we unfold the fib retracement grid, we can see that the price is being rejected by a strong resistance zone from $44,770 to $45,957, which is keeping the price from moving towards $48,000. Looking the other way, there is support at $43,150, second at $42,079, and then a strong support zone from $41,340 to $40,360. On the RSI indicator, we are moving in the upper part of the range, while the STOCH indicator is in the upper part at the upper limit, which may translate into a price drop.
by cryptodailyuk
Nearby supports and resistances for ETHNearby supports and resistances for ETH. As you can see, the price remains below the local downtrend line. After unfolding the Fib Retracement grid, you can see the current support at $2,207, but it is worth defining a strong support zone from $2,115 to $2,066. Looking the other way, you can see the resistance that dropped the price at $2,293, and then there is a strong resistance zone from $2,355 to $2,434. The RSI indicator is near the middle of the range below the downward trend line, while the STOCH indicator still has room to make a downward move.
by cryptodailyuk
1
BTC Short-Term Chart 1HSupports and resistances for BTC in pair with USDT taking into account the time frame of one hour. As you can see, the price returned above the local upward trend line. After unfolding the Fib Retracement grid, it can be seen that the price is struggling to maintain the resistance at $43,872, and still needs to overcome the strong resistance zone from $44,762 to $45,875. Looking the other way, you can see support at $42,927, then at $42,050, and then the support zone from $41,421 to $40,620. Looking at the RSI indicator, we can see a dynamic increase with room for further movement, while the STOCH indicator is reflecting from the upper limit, which may result in a price recovery.
by cryptodailyuk
ETC/USDT 4H ChartI invite you to review the ETC chart on a four-hour interval. We will start by defining, using the blue lines, the upward trend channel from which we tried to exit at the bottom. Locally, a yellow downward trend line has formed. Let's now move on to marking support areas for the price and here, after unfolding the trend based fib extension grid, we can see that the price with dynamic movements returned to the support zone from $20.56 to $19.52, while leaving the zone at the bottom may result in a strong decline even to the vicinity $16.50. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we can see the $20.76 level again as resistance, after which we can see increases towards the strong resistance zone from $23.12 to $24.38 just at the upper border of the previously mentioned channel. Looking at the RSI indicator, we can see that we have approached the lower limit, which could have slowed down the decline, but there is still room for recovery, while the STOCH indicator shows a quick rebound from the lower limit, which gives us energy for another price drop.
by cryptodailyuk
ETH/USDT 4HInterval ChartHello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. First of all, we can use the blue lines to mark the upward trend channel from which we could observe a breakout at the bottom, after which the price struggles to maintain the level. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark the supports, and as you can see, the price has dynamically returned and remains in the support zone from $2,243 to $2,191, then there is support which stopped the price drop around $2,120, but if the price breaks out of it, we can see a return in around strong support at $1918. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here again the resistance level is $2,302, then there is a strong resistance zone from $2,365 to $2,445, which stops the move to around $2,674. When we turn on EMA Cross 10 and 30, we can see confirmation of a potential downward trend. The RSI indicator shows a strong recovery, a return to the place where the price rebounded previously, but with room for the price to go lower, while the STOCH indicator also shows a strong recovery with visible room for another decline.
by cryptodailyuk
BTC/USDT 4HInterval Support and ResistanceHello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price dynamically moved up from the local downward trend line. After unfolding the Fib Retracement grid, it can be seen that the upward movement has brought the price closer to the important resistance at $46,313. Looking the other way, we have visible support at $44,139, and then there is a strong support zone from $42,293 to $41,311. It is worth looking at the RSI indicator, which turns around at the upper limit, similarly to the STOCH indicator, which exceeded the upper limit and, like RSI, indicates a price recovery.
by cryptodailyuk
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